SAN MARCOS, Texas, May 21, 2014 /PRNewswire/ -- Quantum
Materials Corp. (OTCQB:QTMM) provided an update on its acquisition
of the intermediate quantum dot production equipment that was
initiated earlier this year.
In February, Quantum Materials Corp. (QMC) indicated that it had
closed on funding necessary to acquire and deploy automated
equipment for significantly increased Tetrapod Quantum Dot (TQD)
production. This production capacity has been designed to
provide a reliable means of scaling quantum dot manufacturing under
conditions that tightly control synthesis parameters that are
necessary for high quality materials.
Quantum Materials Corp. Chairman and CEO Stephen B. Squires announced, "Forecasts for
quantum dots across several industries have increasingly described
a market under rapid expansion." He continued, "We anticipate
that notable consumer product launches incorporating Quantum Dot
technologies will capture the attention of the public as we move
into 2015 and beyond. I am especially pleased that our team
was able to push well beyond our initial target production goals
for this system, which gives us high confidence in continued
scalability to take quantum dots from a novelty to a
commodity."
Vice President of R&D, David
Doderer further explained QMC's scaled production, "Design
for our higher capacity system has been finalized and is being
prepared for commissioning in our lab here in Texas. We are
pleased that the engineering of the system progressed according to
our short delivery schedule." He added, "From a quality point
of view, we saw tight control over uniformity and very narrow line
width emission near 30nm FWHM under many synthesis
conditions. This is especially important for the electronic
display and solid state lighting applications that we are pursuing,
in that true color delivery is critical in the design of modules,
films, and related electrical components. Importantly, the
adoption of quantum dots as a high performance replacement for
convention materials can realistically be planned for design cycles
when the availability of both high quality and quantity are
assured. This system is an exciting milestone for the Company
to drive advanced products forward in the market."
Squires concluded, "Quantum Materials plans that the next larger
system, expected to be deployed in a similarly expedited schedule,
will place the Company far ahead of the competition in the ability
to supply reliable industrial quantities of quantum dots."
Quantum Materials is also researching and developing TQD-infused
films and printed films for medical devices, solid state lighting
applications, electronic displays, and quantum dot solar cells.
About Quantum Materials Corp.
Quantum Materials Corp. develops and manufactures Tetrapod
Quantum Dots for use in medical, display, solar energy and lighting
applications through its patent pending volume production process.
Quantum dot semiconductors enable a new level of engineered
performance in a wide array of established consumer and industrial
products. QMC's volume manufacturing methods enable consistent QD
quality and scalable cost reductions to drive innovative discovery
to commercial success. (http://www.qmcdots.com)
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995
This press release contains forward-looking statements that
involve risks and uncertainties concerning business, products, and
financial results. Actual results may differ materially from the
results predicted. More information about potential risk factors
that could affect our business, products, and financial results are
included in our annual report and in reports subsequently filed
with the Securities and Exchange Commission ("SEC"). All documents
are available through the SEC's EDGAR System
at http://www.sec.gov/ or www.QMCdots.com. We hereby
disclaim any obligation to publicly update the information provided
above, including forward-looking statements, to reflect subsequent
events or circumstances.
Contact:
Art Lamstein
Director of Marketing
Quantum Materials Corp.
415.609.4969
artlamstein@QMCdots.com
Media:
Rich Schineller
941.780.8100
rich@prmgt.com
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SOURCE Quantum Materials Corp.